Message #17 From:
NewsBot Date: October 14, 2005 11:49:00 AM
BSKO News Big Sky Energy Announces the Commencement of Its Well No. 12 In the Morskoe Field, Kazakhstan
CALGARY, Alberta--(BUSINESS WIRE)--Oct. 14, 2005--Big Sky Energy Corporation (OTCBB:BSKO) (the "Company") announced today that its subsidiary KoZhaN LLP has commenced the drilling of its Well No. 12 in the Morskoe Field located on the north-eastern shore of the Caspian Sea, Kazakhstan.
Well No. 12 is anticipated to be drilled to a total vertical depth of 1,350m and is expected to take approximately 30 days to reach total depth. This well will be drilled from a pad which the Company constructed to drill its Wells No. 10 and 11, and will be deviated approximately 300m to the north-east to target the Albian formation. Well No. 12 offsets No. 10 which encountered two oil zones in the Albian formation and flowed co-mingled on test at a rate of 3,465 bopd of 20 degrees API sweet crude.
"We plan to equip and complete Wells 10, 11, and 12 simultaneously and produce all three through a temporary test facility starting December, 2005 until permanent facilities, which are currently being assembled, are commissioned later in 2006," stated Mr. Al Sehsuvaroglu, the Company's President and Chief Executive Officer.
Big Sky Energy Corporation is an international oil and gas company looking to develop assets in the worlds most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Kazakhstan's renowned pre-Caspian basin.
NOTE: The information contained in this press release contains forward looking statements which are based on the current expectations of the management of Big Sky Energy Corporation only, and actual results may differ materially. For a more detailed discussion of risks and other factors related to Big Sky Energy Corporation, please refer to its Form 10-KSB and Form 10-QSB reports, as filed with the U.S. Securities and Exchange Commission.
Big Sky Energy Corporation (OTC Bulletin Board:BSKO)
